Long term: lower
On a yearly basis, Bollinger band spread could be flat next period. A PEI is in progress with our moving averages.
On a quarterly basis, a type I could develop.
On a monthly basis, a bearish parallel pattern is in progress.
Idea: use monthly bearish parallels rules
Bet: focus on monthly bullish divergence.
R= MM (110.05); S= LM (99.72)
Medium term: rise in progress
On a weekly basis, a close above MW is expected.
Idea: rise as long as our MACD is not overbought.
Bet: towards UW is not ruled out.
R = UW (108.61); S = MW (102.92)
Short term: higher
On a daily basis; a PEI is in progress with our moving averages and our MACD. A NEI is in progress with the weekly time frame.
Idea: rise as long as our MACD is not overbought
Bet: nothing to do on a daily basis.
R = UW (108.61); S = MD (101.16)
Conclusion: technical recovery in progress.